Hundreds of Sears stores could remain open after Lampert wins auction for firm: report

Hundreds of Sears stores could remain open if a bankruptcy judge approves Chairman Edward Lampert’s $5 billion bid for the ailing retailer. The Sears Holdings board picked Lampert’s offer over competing bids from liquidators after weeks of negotiations and two days of closed-door discussions in New York, sources told Bloomberg. The board was poised last[…]

WeWork’s Adam Neumann still reaping in millions by leasing office space to his own firm: report

The We Company’s CEO Adam Neumann is still personally buying buildings that are leased to the company’s co-working arm, WeWork, stoking conflict of interest concerns among some of the company’s investors. The setup has reaped Neumann millions in landlord payments from his own company, according to the Wall Street Journal. The Real Deal reported the[…]

This real estate sustainability startup just closed on a $19M funding round

Measurabl — a data management startup that’s worked with commercial real estate firms on sustainability goals — closed $18.7 million in Series B funding. Sway Ventures, which participated in Measurabl’s Series A, led the latest funding round. Other participants included Camber Creek, which led the startup’s Series A round; Building Ventures; Concrete Ventures; and S&P[…]

Hudson, Related land “complex” financing package to construct next Riverwalk building

Hudson Companies and Related Companies secured about $123 million in debt from a trio of public agencies and a bank to build the next phase of their Riverwalk development on Roosevelt Island. Various government agencies and Citigroup’s community capital division provided the financing for the 340-unit residential project, which will consist entirely of affordable rental[…]